Henri de Man is the author of the dissenting “Au-delà du Marxisme†(1926) and of the Belgian Plan du Travail (Labor Plan) of 1933. Later he became a Belgian social-democratic leader. He published between 1931 and 1935 18 economic articles in the Bulletin d’Information et de...

The recent theoretical works of the authors mentioned in the title of the paper provide thorough insights into the workings of contemporary capitalism. Derivatives are the key issue involved here. They comprehend financialization as a development within, rather than a distortion of, capitalist...

This paper argues that Marx’s law of the falling rate of profit applies to the problematic of choice of technique in the context of accumulation of capital, and not to the problematic of choice of technique in the context of technological change or new innovation as such. In this context,...

Two main subjects are dealt with in this paper: the democratic road to socialism in Marx and Engels’s works and, more generally, a feasible transition to a new social order. Starting out from the Marxian definition of revolution as the transition from one production mode to another, the author...

Harriet Taylor has been long forgotten as an economist and political philosopher, while merely remembered as John Stuart Mill’s friend and belatedly wife. Never was fate more unjust: we only need to recall that Taylor - whose liberal background soon led her to be fascinated by socialist...

One frequently quoted passage from the work of John Maynard Keynes is that "the best way to destroy the capitalist system [is] to debauch the currency." The passage, attributed to Vladimir Illyich Lenin, appears in Keynes' book <em>The Economic Consequences of the Peace</em>, which became an...

This paper attempts to place the economic analysis of Karl Marx and Friedrich Engels's Communist Manifesto in historical perspective. The author begins by summarizing the analysis of capitalist economic development in the Manifesto, and showing how it was strongly influenced by developments in...

We model the interaction between capitalists and entrepreneurs as a dynamic game. The open-loop Nash equilibrium and the closed-loop Nash equilibrium are distinguished. The purpose is to answer some questions that have arisen in the development of profit-led versus wage-led growth models. We...

This paper considers the interconnections between the nature and organization of work and the level of unemployment. We consider how actions taken at the workplace level can impede as well as facilitate the reduction in unemployment. We also consider how the workplace may be reformed to overcome...